The Solana Foundation is launching a new development platform aimed at making it easier for financial institutions to create blockchain-based products, and its first users include Mastercard, Western Union and Worldpay.
The Solana Developer Platform (SDP), currently available for developers to try, is a set of tools that allows businesses to build and scale financial applications on Solana without deep crypto infrastructure expertise. The SDP will also integrate artificial intelligence tools such as Anthropic’s Claude Code and OpenAI’s Codex.
The platform bundles services from more than 20 infrastructure providers (spanning custody, compliance, wallets and payments) into a single interface, streamlining what has traditionally been a fragmented process for institutions entering the space.
At launch, SDP includes two live modules. The issuance module allows businesses to create tokenized deposits, stablecoins, and real-world tokenized assets, while the payments module supports fiat and stablecoin flows, including on- and off-ramps and on-chain transactions. A commercial module is expected later in 2026.
The participation of traditional payments companies underlines the growing institutional interest in blockchain-based settlement. Mastercard is exploring stablecoin settlement on Solana, while Western Union is testing cross-border payments on the platform. Worldpay focuses on merchant settlement and tokenized assets.
“As Solana continues to be the most trusted and innovative infrastructure for financial and payments businesses around the world, SDP provides an accessible and familiar experience for institutions and businesses to start building products on Solana today,” the Solana Foundation wrote in a press release shared with CoinDesk.
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